. >>> the global x uranium etf is up almost 20% in the last week pippa stevens joins us pippa, we knows reignited interest in nuclear power how much higher could these stocks run >> yeah, it's up another 10% today on the heels of several positive catalysts if we look at a one-week chart you can see the moment when this latest leg higher began and that was last wednesday when japan said it was restarting its nuclear operations and that marks a big pivot for the country. the fukushima disaster back in 2011 all but shut down the nation's nuclear capacity but there is a global energy crunch with more and more countries reconsidering nuclear. here in the u.s., guggenheim pointing to the inflation reduction act which provides longer term clarity for the industry if we take a step back, these stocks are up a lot in the last few weeks, but they're still well below last fall's high. that is despite what a lot of people say is a growing fun fundamental case for the industry they are composed of companies in different stages of production there's u.s. focused names like uranium energy and uranium

we appreciate it pippa stevens. coming up, friday's strong jobs report defying talk of a slowing labor market and yet key yield curves are inverted and consumer expectations are dropping back down up next former fed governor randy crossner does he think the fed should get more or less grefsaggressive rit now? plus from the buyback tax to prescription drugs there's a lot to unpack from the senate's inflax reduction act we'll look where the real fallout will lie and as we head to break let's get a quick check on the markets, which are fighting to stay positive. the dow, the s&p-s the nasdaq, the russells only the s&p in the red right now and just barely, but small gains across the board we're ba ia me ckn mont so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >> announcer: this is "the >> announcer: this is "the exchange" on cnbc. but seri

pippa stevens joins us everyone is getting excited that gas prices are coming down and oil prices are and we're getting inflation relief what's the story here. >> that's right, sara. on the same day the national average broke below $4 for the first time since march, brent crude broke above $100 again and that gas was up 9% at one point so we are seeing a return in strength in commodity prices and that is boosting the energy sector, the leader today jonathan krinski saying the sector has just about the most compelling setup than the majority of the market the firm had been bullish since may but they have reset and established a new base with improving relative strength, this could be a place for investors to look. and you know the sector is still the best year to date but is down 15% since the june high and that follows a very strong earnings report. year over year second quarter earnings jumped 300% that was the best by far out of any sector and now analysts are raising their longer term estimates on names like schlumberger and devon >> alli, do you recommend the sector wti having a g

steve kovach is looking at apple's pullback, diana olick watching the home builders and pippa stevens energy >> apple is taking a leg lower saying the doj could file its ag agent trust lawsuit by the end of the year. this covers the same issues regulators have been hitting them with focusing on the market power with its app store the investigation is focusing on whether or not apple stifles competition by taking fees from developers selling on the app store and requiring customers to use apple's payment system apple has argued these fees support the app store and without it a lot of these companies wouldn't make money at all. it also lowered fees for most developers amid all the scrutiny the european union passing the digital markets act expected to go into effect next year to require apple to allow alternative payment methods hurting the app store and the all-important services segment, mike. >> just so i'm clear on that, steve, in terms of how this doj report fits into what apple has been contending with already, is it just another investigation of the same set of issues or is it so

. >> good morning, i'm pippa stevens from cnbc. wall street is expected to open lower. the dow, mass nasdaq and s&p 500 gaining about 3% last week on the back of better than expected reports on inflation. that's easing some worries the federal reserve will be as aggressive in raising interest rates as it tries to rein in soaring prices. in foe can us this week, data on housing, resales and industrial production. it's also earnings for major retailers including walmart, target, home depot and lowe's. >>> youtube is planning to launch an online store where you can buy streaming services. the "wall street journal" reports youtube is in talks with entertainment companies about being a part of the platform. the store has been in the works for at least a year and a half and could be available as soon as this fall. youtube lets you add subscriptions such as hbo max to its youtube tv service. the new marketplace would allow you to choose a streaming service alacart for the main youtube app. your iphone may have more ads. apple could include ads in apps preinstalled on your ipod

. >>> pippa steven has the numbers. >> we saw a bid of a midday reversal, as the market looks ahead toopec meeting. which took nearly ten mill yore baird a day. so at tomorrow's meeting, the question of what to do in september and beyond will be raised this, of course, follows president biden's trip to saudi arabia last month. brent crude up a quarter of 1% at 131 u.s. nat gas down almost 7%, while over in europe it's holding around 200 euros per megawatt-hour. that's roughly $60 we hear from marathon this morning, up from 67 cents in the same quarter last year still the company says the chances of increases the refining footprint are not high. >> attention getting eps there pippa, thank you. >>> while crude prices appear to have peaked, benchmark says there's plenty of room to run, the firm just initiated shares at a buy ahead of the earnings after the bell today, and seeing more that 50% upside as it offers the most generous return on capital in the energy sector. joining us now, senior equity analyst, good to see you, it's attention getting. what's behind it why is there so much up

pi pippa stevens in the house >> reporter: elon musk has made 3 million cars at the shanghai factory. the ev maker ceo tweeting congrats giga shanghai on making the 1 millionth car. >>> a group of u.s. lawmakers arrived in taiwan yesterday for the two-day trip it is led by senator ed markey the trip follows house speaker nancy pelosi's visit earlier this month it comes as military tensions with the island and china remain high >>> back on wall street. earnings season coming to say cl a close. more than 90% of s&p companies reported so far and of those names, about 78% have topped profit expectation reports overall s&p earnings are on pace to have grown by 9.7% year over year with much of that coming from the energy sector. >> energy. something we talk about a lot. pippa, thank you >>> now let's get back to the markets and your money and growing hope that stocks really did hit a bottom a couple of weeks ago. on friday, the s&p 500 closed at 4,280. the index recovered or retraced more than half of the drop from the highs. why does that matter it may not check this out in a note earlier

. >>> pippa stevens is literally right here with a look at the rest -- i usually connect with you through some art i fits, but n artifice. >> and also steel is a big move here it's been on a roler coaster ride, hitting a record for a short time last fall prices then started to stabilize, briefly spiking after russia invaded ukraine before once again trending lower. hot-rolled steel is still elevated compared to historic prices we've seen outperforming from a number of companies several have double digits, but all four are well below that are recent highs. and this group is so sensitive to broader issues. stick then there's the inflation reduction act. josh pierce said they'll be the driver for demand over the next several years, but they're in the green for the year. >> and since you cover the whole waterfront of commodity, there's a big move in uranium. >> so much is going on broadly, but the ura, the uranium etf is on on track for the best day of the year this comes as japan signals it will restart the nuclear power after the fukushima disaster, their nuclear power was shut down now eve

after amazon said it will expand its partnership with the company to power some of its operations pippa stevensthis is an expanded partnership between the two companies. now, before we get to the deal, a little refresher on plug power. the company makes hydrogen fuel cells that are used in machinery, trucks, and stationary power some of this is so-called green hydrogen which is made with renewable energy, there by cutting emissions during their production process the customers include fedex, boeing, walmart and home depot now, today plug said it will supply amazon with about 11,000 tons of green hydrogen per year starting in 2025 to put that number in context, that's enough to power 30,000 forklifts or 800 heavy-duty trucks annually. as part of the deal amazon gets a warrant to acquire up to 16 million shares of plug now, wall street liked what it heard. evercore isi saying it validates plug's strategy. oppenheimer saying it could bring additional large-scale customers to the table and wells fargo saying it improves the visibility of long-term targets. it may not be a household name but it's be

. >>> oil closing for the day falling more than 5% pippa stevens at the cnbc commodity desk pippa, whatng at >> hey, contessa we're seeing heavy declines across the energy complex today with global growth concerns front and center then on the supply side, we also have unrest in libya and iraq. although it is yet to impact any output anticipation of some disruption had been supporting prices technical factors are playing a role as oil bumped up against its 50-day moving average. let's check on prices. wti at 91, 54 for a loss of 5.7% brent crude right around 99, 25 down 5.6% and we're also seeing declines for natural gas and we have prices down more than 3% with the european bench mark dropping 6%, and this is weighing on the energy sector, which is the worst s&p group, contessa with a loss of 3.6% >> pippa, thank you for bringing us that. this market is one of the most challenging environments for ceos to navigate they're facing economic downturn, rising rates and in some cases a new very vocal shareholder base, so how does a ceo try to give investors clarity when there are so many fact

let's go to pippa stevens. >> oriole is up more than 3% today.ng comments from saudi arabia's energy minister he said that opec and its allies can adjust to fluctuations in oil prices including by cutting production he added the market is in a state of schizophrenia with a growing diverse jens between the financial market and the physical market. he said the reason volatility is harmful and that this yo yo market is sending erroneous sills when greater clarity is needed so let's check on prices. wti at 93.81, for a gain of 3.8% brent crude back above 100 with a gain of 4% turning to natural gas, which has had a roller coaster session around 1:00 p.m. it dropped sharply after freeport lng pushed back the restart date for its texas facility to november the plant, which is about 17% of the u.s.'s l and g export capacity has been shut since a fire in june, and prices are now down because traders are worried about oversupply in the domestic market and the big reversal came after nat gas earlier topped 10 bucks, courtney, for the first time since 2008

between inflation and the markets, and we're seeing some stickiness around that $90 a barrel level, pippa stevens has the latest. >> yes, we are, oil is moving between gains and losses today in choppy trade. crude did bounce off the lows after russia's state owned pipeline operator said oil flows to eastern europe have been halted due to sanctions preventing the transit fee, but this was not enough to counteract demand, slowdown fears, and oil is finishing modestly lower wti is at 96 with brent crude around $96 nat gas is making back some of yesterday's slide with european gas also on the move, and that huge swing in prices amid europe's energy crisis is hitting consumers. energy firm cornwall released new figures forecasting the price cap level for the uk come january they see it surging above the 4,000 pound mark for the first time that's more than 200% above what households paid this year, and this comes after the uk energy regulator said it would adjust the price cap every three months instead of twice a year, kelly, due to volatile markets. >> pippa, what is the point of a price cap if they

pippa stevens joins me with the details. >> this is a major expansion of first solar's panel manufacturing comes down to the climate bill the company, which is the largest panel maker in the u.s. said it will spend $1 billion on this new facility in the southeast. now, we don't have the exact location yet, but the company plans to announce it this quarter. the new plan's capacity will be 3.5 gigawatts. first solar will also spend 185 million to expand its current factories in ohio. all told, the company's u.s. output will hit 10.5 gigawatts by 2025, and that's enough to power about 1.6 million homes for a year according to seia ceo mark whitmer told me the inflation reduction act was the key catalyst that made first solar decide on another u.s. plant. the company had been looking at other locations, but the ira's long-term scope and incentives for different steps from the manufacturer to the end customer made the u.s. a, quote, very attractive option. the new facility will also help with surging demand for first solar's utility scale panels during the latest quarter, the company said it's

. >>> and welcome back to "halftime," clean energy stocks on the move today, pippa stevens is trackingppa. >> off the highs of the day, but we are seeing moves across the clean energy space after the senate passed the inflation reduction act. the bill includes $369 billion for energy and climate initiatives, making it the largest climate package in u.s. history. a lot of companies stand to benefit, and we are seeing those stocks respond on the solar side, names like sun run, sue nova and first solar all in the greens, which makes tracking systems for utility scales solar also advancing here. the ira includes credits for stand alone battery storage. h hydrogen names also getting a boost. now, the long-term nature of these credits is key as wells fargo put it, this is not incremental legislation. it's a game changer in terms of accelerating clean energy as well as jump starting the green hydrogen industry. frank. >> all right, thanks a lot >>> big day for clean energy stocks this is a big month for ev makers our phil lebeau is here with much more on that. hey, phil. >> a big day for the

pippa stevens is here. >> reporter: good morning this is the largest federal funding effort around thesis in history we're seeing stocks respond across the board with solar and wind names all higher, the package has $369 billion for the climate initiatives. much of it through tax credits while incentivizing domestic production sun run and sonova higher panel makers moving as well. j.p. morgan upgrading solar today. and hydrogen stocks, plug power and bloom energy moving as well. there are also credits for energy storage companies, names like nuance and stem what's important about this bill it provides long term visibility the investment tax credit for solar will return to 30% and stay there the next decade that extended time frame is key since it gives developers confidence that policies won't change there are also some provisions for oil and gas companies, including ongoing options for fossil fuel leases as well as tax credits for carbon capture which a lot of companies are developing >> thank you >>> let's get to the auto maker side of this, they're concerned it could jeopardize thei